Arizona State Retirement System Raises Stake in Universal Corp (UVV)

Arizona State Retirement System boosted its position in Universal Corp (NYSE:UVV) by 6.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 38,452 shares of the company’s stock after acquiring an additional 2,249 shares during the quarter. Arizona State Retirement System owned 0.15% of Universal worth $2,082,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of UVV. Quantamental Technologies LLC acquired a new stake in shares of Universal during the fourth quarter worth $119,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Universal by 20.7% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,771 shares of the company’s stock worth $96,000 after purchasing an additional 304 shares during the period. James Investment Research Inc. acquired a new stake in shares of Universal during the fourth quarter worth $996,000. Bank of Montreal Can lifted its holdings in shares of Universal by 27.9% during the fourth quarter. Bank of Montreal Can now owns 1,907 shares of the company’s stock worth $104,000 after purchasing an additional 416 shares during the period. Finally, Nisa Investment Advisors LLC lifted its holdings in shares of Universal by 4.6% during the fourth quarter. Nisa Investment Advisors LLC now owns 40,700 shares of the company’s stock worth $2,204,000 after purchasing an additional 1,800 shares during the period. 88.39% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NYSE UVV opened at $55.84 on Wednesday. The company has a debt-to-equity ratio of 0.27, a current ratio of 4.70 and a quick ratio of 2.07. Universal Corp has a 1-year low of $46.10 and a 1-year high of $76.98. The firm has a market cap of $1.38 billion, a P/E ratio of 12.34 and a beta of 0.91.

The business also recently declared a quarterly dividend, which will be paid on Monday, May 6th. Investors of record on Monday, April 8th will be issued a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a dividend yield of 5.37%. The ex-dividend date of this dividend is Friday, April 5th.

In related news, insider James A. Huffman sold 3,112 shares of the stock in a transaction on Friday, November 16th. The stock was sold at an average price of $67.23, for a total transaction of $209,219.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 2.50% of the stock is owned by company insiders.

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About Universal

Universal Corporation engages in the supply of leaf tobacco products worldwide. The company operates through North America, South America, Africa, Europe, Asia, Dark Air-Cured, Oriental, and Special Services segments. It is involved in procuring, financing, processing, packing, storing, and shipping leaf tobacco for sale to manufacturers of consumer tobacco products.

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Institutional Ownership by Quarter for Universal (NYSE:UVV)

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